CEX.IO is a regulated cryptocurrency trade that gives a commission-free margin buying and selling platform. It permits customers to commerce by means of its web site, cellular apps, and a big selection of API options.
It was began in 2013 as a Bitcoin cloud mining supplier and hashing energy market powered by an in-house mining pool that was referred to as GHash.IO. It allowed individuals to take part in Bitcoin mining with out having to spend money on pricey miners.
In 2016, CEX stopped cloud mining after GHash.IO was closed as a result of it was not worthwhile. It shifted its focus to growing a worldwide cryptocurrency trade that it has run so far.
The way it works
CEX.IO presents all kinds of merchandise grouped into three foremost classes specifically: ‘For Everybody,’ ‘For Merchants,’ and ‘For Companies.
The ‘For Everybody’ class is designed for people who need to onboard the crypto house and it consists of easy fiat-to-crypto buy choices, a crypto pockets, a crypto lending, crypto staking, and a debit card. The cardboard is nonetheless solely obtainable for patrons in choose European nations.
The ‘For Merchants’ class is designed for many who need to commerce cryptocurrencies and it consists of spot buying and selling and margin buying and selling. Merchants can commerce through the CEX.IO web site, and CEX.IO cellular apps, and even select to make use of a spread of API options together with WebSocket, REST API and FIX API for automated buying and selling.
The ‘For Companies’ class permits establishments to entry institutional-grade crypto buying and selling companies by means of the CEX.IO PRIME.
For the fiat-to-crypto buy choices, people could make funds by means of card or financial institution transfers and the allowed fiat currencies embody the USD, GBP, and EUR.
Now, earlier than accessing any of the CEX.IO companies, you want to join an account. The method is simple.
To enroll in a private account all you want is to offer your identify, e-mail deal with, password, and nation of residence. You’re then required to substantiate your e-mail by inputting a code despatched to you on the e-mail. At this stage, you can begin exploring the CEX.IO platform.
Nonetheless, to begin buying and selling, you have to to do an identification verification by submitting a government-issued ID. Further verification phases improve your deposit and withdrawal limits.
To enroll in ‘Enterprise’ companies, extra info and documentation are required.
Professionals and Cons of CEX.IO
- The CEX.IO interface and buying and selling platform are easy and simple to know making it a go-to crypto trade even for newbies.
- It presents a big selection of withdrawal choices together with Visa, Mastercard, financial institution switch (SWIFT, SEPA, ACH, Quicker Funds), and cryptocurrency.
- It has a cellular buying and selling app for each Android and iOS gadgets making it simpler for individuals who need to commerce crypto on the go.
- It’s a regulated and licensed crypto trade which means it has handed all the safety checks required by the regulatory our bodies. CEX.IO is particularly compliant with the Cost Card Business Knowledge Safety Commonplace (PCI DDS) and Normal Knowledge Safety Regulation (GDP).
- It protects clients’ funds with full knowledge encryption and cold and warm storage programs.
- It helps a variety of cryptocurrencies.
- It presents a big selection of crypto companies together with crypto staking and crypto lending, which units it aside from hottest crypto exchanges.
- It fees aggressive commissions for each takers and makers with particular presents for high-volume merchants.
- Though the verification course of is for the benefit of the customers, the method is sort of in depth and will take extra time than anticipated.
- It has decrease liquidity in comparison with different main world crypto exchanges.
- Its bank cards usually are not obtainable throughout the globe; they’re solely issued in choose European nations.
Why you need to use CEX.IO
CEX.IO supplies a one-stop platform the place you’ll be able to on-board the crypto house by buying all kinds of cryptocurrencies utilizing fiat cash after which proceed to take a position your bought cryptocurrency asset in a wide range of methods together with spot buying and selling, margin buying and selling, and staking.
In case you are from a European nation (aside from Germany and Malta), you’ll be able to apply for CEX’s debit card that can will let you pay for items and companies immediately utilizing your crypto holdings. Through the use of the debit card to make funds, you earn as much as 5% crypto or cashback on any buy you make on-line or in-store.
In case you are searching for an easy-to-use crypto trade the place you should purchase cryptocurrencies utilizing fiat cash, then CEX.IO may very well be a superb match for you. The trade is constructed for newbies, skilled merchants, traders, and institutional crypto gamers.
The trade presents wonderful safety for deposited funds and likewise presents a crypto pockets permitting you to earn staking curiosity by staking cryptocurrencies.
It’s obtainable in virtually all nations world wide together with in 48 states in the USA of America.